Today, we are excited to announce that Pledge 1% has been named a Top 50 Finalist for the 2021 Classy Awards!
Classy, online fundraising software for nonprofits, launched the Classy Awards in 2009 to recognize the achievements of nonprofits and social enterprises operating in our communities and around the world, and to shine a spotlight on the new strategies, creative thinking, and ideas that move the needle on some of the biggest issues our world faces today. We’re proud to share that our Pledge 1% Equity Program has been recognized for its contribution to creating a new normal where companies leverage liquidity events to commit 1% of equity to future social impact.
The unprecedented social, health & economic challenges of the world cannot be addressed by governments & nonprofits alone. Pledge 1% aims to facilitate the essential role of high-growth companies in being part of the solution, starting with CEOs, venture capitalists & board members who can unlock business assets for social good. If every company pledges 1% of equity, there could be radically new resources available to help organizations around the world address today’s most pressing challenges.
We are already seeing many companies that are looking for ways to give back but lack the profit or resources to do so. Our equity program is changing both systems and structures by creating (1) tools & resources designed by legal & industry experts to help companies—no matter their size or stage—formalize their equity pledge in advance of a liquidity event, and (2) the Boardroom Allies program launched to accelerate this trend by helping top VCs & investors publicly show their support for portfolio companies who commit to a social impact program.
The social sector at large experienced immense challenges in 2020 to drive their missions forward, but in just 5 years, we are proud to have achieved 12,000+ member companies in over 100 countries. Currently, we have recorded nearly $1Billion in new philanthropy generated from Pledge 1% equity pledges alone.
This year, 13 Classy Awards will be distributed across four categories: Social Innovation, Adapt & Overcome, Lifetime Achievement, and People’s Choice. You can vote for Pledge 1% in the People’s Choice category here. Voting is open until June 25, 2021. Winners will be announced on September 28.
For more information on the Classy Awards, visit www.classyawards.org.
About Pledge 1%: Pledge 1% is a global movement that inspires, educates, and empowers every entrepreneur, company, and employee to be a force for good. Over 12,000 members in 100 countries around the world have used Pledge 1%’s flexible framework to ignite billions of dollars and hundreds of thousands of volunteer hours in new philanthropy. To learn more about Pledge 1%, and how your company can get involved, visit pledge1percent.org.
